Dish TV India Ltd

Dish TV India Ltd

₹ 18.0 -1.05%
24 Apr 2:10 p.m.
About

Dish TV India Ltd is a leading direct-to-home (DTH) company, providing DTH services across the segments in the country.
It offers a large number of SD and HD channels to cater to the requirements of the customers spread all across the country in addition to providing various Value-Added Services.
It provides services under its own 3 brands i.e. DishTV, d2h and Zing Digital.[1]

Key Points

Market Share
Post the amalgamation of Vd2h into DTIL, DTIL continues to maintain a strong market position occupying 25% market share, amongst the DTH players as on March 31, 2021. The company has an active subscriber base of around 13.62 million as on March 31, 2021. [1]

  • Market Cap 3,307 Cr.
  • Current Price 18.0
  • High / Low 26.0 / 13.5
  • Stock P/E 24.1
  • Book Value -6.45
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.3% over past five years.
  • Promoter holding is low: 4.04%
  • Contingent liabilities of Rs.3,471 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -3.27%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
412 360 363 358 338 325 314 297 255 244 236 216 204
216 218 192 205 197 186 201 197 201 185 194 183 184
Operating Profit 196 142 172 153 140 139 113 99 54 60 42 33 20
OPM % 48% 39% 47% 43% 42% 43% 36% 34% 21% 24% 18% 15% 10%
35 -619 36 31 32 -2,740 34 35 38 -2,167 36 40 39
Interest 73 72 67 66 66 70 65 65 64 64 64 64 64
Depreciation 69 67 66 65 54 52 51 50 48 44 11 11 11
Profit before tax 89 -616 75 52 53 -2,723 31 20 -20 -2,215 3 -1 -16
Tax % 5% -42% 25% 25% 25% 6% 24% 26% 31% 7% 24% -10% 0%
85 -876 56 39 40 -2,558 24 15 -14 -2,054 2 -1 -16
EPS in Rs 0.46 -4.76 0.30 0.21 0.22 -13.89 0.13 0.08 -0.08 -11.16 0.01 -0.01 -0.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,958 2,167 2,509 2,688 2,228 1,945 2,863 3,938 1,518 1,604 1,384 1,110 900
1,431 1,587 1,883 1,952 1,784 1,579 2,711 3,460 940 884 780 784 746
Operating Profit 527 580 626 736 444 366 152 478 578 720 604 326 155
OPM % 27% 27% 25% 27% 20% 19% 5% 12% 38% 45% 44% 29% 17%
29 111 -51 55 78 69 147 -1,592 -1,766 -514 -2,642 -2,060 -2,052
Interest 197 128 133 175 86 100 149 251 338 302 269 257 255
Depreciation 518 628 597 614 59 78 206 320 312 285 236 193 76
Profit before tax -159 -66 -154 1 377 258 -56 -1,686 -1,838 -380 -2,542 -2,184 -2,229
Tax % 0% 0% 0% 0% -11% 35% 159% 24% 24% -78% 5% 7%
-159 -66 -154 1 420 168 33 -1,289 -1,394 -678 -2,422 -2,030 -2,069
EPS in Rs -1.49 -0.62 -1.45 0.01 3.94 1.57 0.18 -7.00 -7.57 -3.68 -13.16 -11.02 -11.25
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% -7% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -17%
3 Years: -10%
TTM: -24%
Compounded Profit Growth
10 Years: 13%
5 Years: 39%
3 Years: -31%
TTM: -42%
Stock Price CAGR
10 Years: -9%
5 Years: -13%
3 Years: 25%
1 Year: 20%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 106 106 106 107 107 107 184 184 184 184 184 184 184
Reserves -200 -262 -415 -418 3 171 6,548 5,151 3,759 3,082 660 -1,370 -1,371
1,400 1,633 1,410 1,484 0 0 148 504 298 85 2 2 2
1,328 1,677 1,672 1,985 1,632 1,735 4,429 4,986 5,235 5,120 4,848 4,805 4,919
Total Liabilities 2,634 3,155 2,773 3,157 1,741 2,013 11,309 10,825 9,476 8,471 5,694 3,621 3,735
1,420 1,434 1,356 1,453 236 288 6,663 4,909 2,778 1,867 940 125 114
CWIP 388 654 408 470 33 22 60 21 5 8 2 2 2
Investments 150 278 318 318 268 303 323 3,401 5,153 5,154 3,100 1,530 1,541
675 789 691 916 1,204 1,400 4,263 2,494 1,539 1,442 1,652 1,964 2,077
Total Assets 2,634 3,155 2,773 3,157 1,741 2,013 11,309 10,825 9,476 8,471 5,694 3,621 3,735

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
474 614 708 774 -105 83 503 -619 279 311 164 10
-552 -787 -303 -677 9 17 54 185 -77 -30 -80 -1
142 122 -462 -36 1 0 -411 235 -262 -239 -90 -5
Net Cash Flow 63 -50 -57 60 -96 100 145 -199 -60 41 -5 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 5 5 6 9 11 15 16 10 16 16 18 26
Inventory Days 0
Days Payable
Cash Conversion Cycle 5 5 6 9 11 15 16 10 16 16 18 26
Working Capital Days -200 -323 -276 -412 -140 -144 -55 -343 -1,219 -1,122 -1,241 -1,528
ROCE % 5% -0% 7% 15% 72% 185% 3% 4% 8% 15% 24%

Shareholding Pattern

Numbers in percentages

50 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
5.93% 5.93% 5.93% 5.93% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04% 4.04%
10.19% 12.17% 10.99% 11.39% 10.70% 10.11% 10.11% 9.91% 10.29% 11.77% 11.75% 10.87%
2.37% 26.59% 26.62% 26.57% 26.56% 26.60% 2.34% 2.33% 2.33% 3.01% 2.46% 2.31%
81.51% 55.31% 56.46% 56.11% 58.70% 59.25% 83.49% 83.71% 83.32% 81.18% 81.76% 82.78%
No. of Shareholders 2,51,3692,48,6492,54,0442,62,5792,63,0922,60,1352,58,5352,60,1592,66,2032,82,4442,87,0033,57,591

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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